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201100040 work has been completed to Lender's satisfaction, provided ttaat such inspection shall be undcrtaken promptly. Lendcr may disburse proceeds for the repairs axLd .restoration in a single payment or in a serics of progress paymemts as the work is campleted. Uriloss an agrcement is made in writing or Applicable Law � requires interest to be paid on such insurancc proceeds, Lender shall not be required to pay Borrower any interest or earnings on suclx proceeds. Fees for public adjustcrs, or other third partics. retained by $orrower shall not be paid out af tho insurance proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not cco�mically fcasible or Lender's security would be lessened, the insurancc proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insurar�ce proceeds shall be applied in thc order provided for in Section 2. If Borrower abandons the Property, Lendcr may �'il�, negotiate and setde any available insurance claim and related mattcrs. If Bc�rrower docs not respond within 30 days to a notice from Lender khat tlie insurance carrier has offered to settle a claim, then Lender may negotiate and settle the claim. The 30-day period will begin when thc notice is given. In cithcr cvent, or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an arnount n�ot to exceed the amounts unpaid under the Note or this Security Inshument, and (b) any other of Borrowcr's rigt►ts (othcr than tb.e right to any refund of uncarncd premiunns paid by Borrower) under all insurance policies eovoring thc Property, insofar as such rights are applicable to thc coverage of the Property. Lender miay use the insurance proceeds either to repair or restvre the Property or ta pay amaunts unpaid under the Note or this Security Instrument, whether or n�ot then due. 6. Occupauncy. Barrower s�a11 occupy, establiish, and use the Property as Bonower's principal residence withir� 60 days after the oxecution of this Security Instrum�ent and shall continue to occupy tlie Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lendcr otherwisc agrccs 'vn writing, which consent shall not be unreasonably withheld, or unless extenuating eiteumstances oxist which are beyond Bonrower's wntml. 7. Pre�wation, Maintenance and Ptotection of the Pt�operty; Inepections. Bnrrower shatl not destroy, damage or unpair the Property. allow the Property ko deteriorate or commit waste on the Property. Whether or nat Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Froperty from deteriorating pr decreasing in value due to its cond.ition. LTnless it is deteraiined pursnant to Section 5 that repair or restorativn is not economically feasible, 8orrower shall pmmptly repair the Pmperiy if damaged to avoid fiuther deterioration or daanage. If insurance or condemnation proceeds are paid in conncction with damage to, or the taking of, the Property, Borrower shall be responsible for repairing or restoring tho Property only if Lcnder has released proceeds for such purpases. Lender may disburse proceeds for the repairs and restqration in a single paymcnt or in a seri�s of progress payment� as t�o work is completed. If the insurance ar condemnation proceeds are not sufficient to rcpai�r or restorc the Properiy, Borrowor is not r�lieved of Borrower's obligation for the completion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspcctians of the Properiy. If it has � reasonablo cause, Lcnder may in�spect the interior of the improvements on the Property. Lender shall give Borrower notice at tb,e time of or prior to such an interior inspection spccitying such reasonable causc. $. Barrower'e Loan Application. Borrower shall be in default if, during the Loan applicatian process, Borrower or any persons or entitics acting at the direction of Borrawer or with Borrower's , knowlcdge or canscnt gave materially false, mis�eading, or inaccurate informativn or statements to �.,cnder (or failed to provide Lcnder wikh materi.al information) in connect�on with the I,aan. Material represcntations include, but are not limited to, representations concerming $orrower's occupancy of the Pmperty as Bnrrower's priu'LCipal residence. 2300019'�49 D VGANR NEBR4SKA - Sinpie Family - Fannis Mao/Ffiaddls Mac UNIFORM INSTRAJMENT WITH RS t�b �$A(NE)laetol Pepe 7 of 15 Initlelr �� Folm 3028 1/D1